Business Maharajas [Gita Piramal, Gita Piramal] on *FREE* shipping on qualifying offers. The inside track to India’s most powerful tycoons The. Business Maharajas [Gita Piramal] on *FREE* shipping on qualifying offers. Editorial Reviews. About the Author. Dr Gita Piramal is managing editor of The Smart Manager, India’s first world-class management magazine, launched in.
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Credit must be given to her in formulating criteria to select the businessmen who were to husiness covered in the text. Local PSF production was 37, tonnes and another 10, tonnes was being imported. The basic concepts underlying his he mes are simple, but with a kind of simplicity that borders n genius. In an obvious attempt to teach the bear syndicate ales son for battering at his share price, Ambani delivered the coup de grace on that fateful Friday by demanding delivery.
Based on that quantification, we set up objectives for each plant, when it would be on track. The company had to fly executives to smaller cities with mail as personal luggage which was then posted locally. After that interview, Dhirubhai turned reclusive. The board meeting fixed for that day was adjourned.
Work on the PTA plant maaharajas immediately Dhirubhai got the licence in What is their vision for the future?
Book Review: Business Maharajas by Gita Piramal
Want to Read saving…. All eight share three common characteristics: Withoutabox Submit to Film Festivals. His insight into consumer patterns may have been due to his personal background.
According to Ghoshai, while Ambani did not pioneer the concept of company stores-Reliance’s competitor Bombay Dyeing had innovated this practice-he ‘pursued this strategy on a grand scale’. Thereby he altered the course of B. Ambani’s success in franchising and his speed in opening retail outlets is perhaps comparable to that of Benetton, the Italian knitwear company, or McDonald’s, the Piraaml hamburger chain.
Full text of “Business Maharajas”
The newspaper claimed that these companies belonged to Reliance and that they borrowed money from the banks at 18 per cent interest to buy debentures which earned only After a spin in that orbit, you must break into manarajas next one, and so on until you reach the top.
Instead of creating a ‘safe’ capacity based on conservative demand projections, Ambani planned huge factories which from the beginning would be world-scale in capacity, cost and quality standards— ven if local demand didn’t match or hadn’t yet reached such volumes. As against the earlier practice of capitalizing interest on long term debt obtained for the purchase of fixed assets till the date of commissioning of the assets, Reliance capitalized interest for the entire contracted period pira,al the debt.
The issue for the worsted mill was quickly followed by one in for modernizing its textile millto finance PFY manufacture and a record Rs m one in at the time of the attack by the infamous bear syndicate which had forced the closure of the BSE and made Ambani a national figure.
They know about their customers. The bosses too were not committed. To see what your friends thought of this book, please sign up. Until it went maharajaas, Ambani used to plough every paisa of profit into the company, rarely treating himself to a dividend. By any yardstick, the achievements of these men would rank among the great business stories of our time. Its expansion trailed behind Bajaj Auto’s incredible growth rate of 1, per cent. How did they thrive and prosper even as others failed?
Be busihess of the tomorrows,” he kept telling his new team.
In the end, Nehru allowed to set up Hindalco, as some kind of consolation. Everybody else has to be new,” recalls Mukesh. Face to face with the legend, it’s hard to believe that there’s a dark side to Ambani. Glta Reviews Most recent Top Reviews. Still, in the area of social work a lot needs to be done. He would play a pivotal role in Ambani’s career in the future. Dhirubhai threw away-that incrementa list mindset.
However, all eight partly owe their remarkable success mahagajas two external factors, two elements totally outside their control, and completely unconnected to their personal abilities. More and more people don’t mind paying a little more provided they have the assurance of quality,” he insisted.
At that time, the options were very clear.
A full-time brains trust is continually preparing position papers on subjects as diverse as IMF loans or the shortfall in the Sixth Plan. It’s unlikely that he read Tom “In Search of Excellence’ Peters and his ‘sticking to the knitting’ mantra.
Eventually ubsiness RBI called back the loans.
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Today his factories are the cheapest per unit manufacturers of their given products. So what good was “. Except Ambani who was ready to lick the boots of bureaucrats and politicians and bribe them to get his work done, all the others who refused to comply was tortured, and had to fight tooth and nail to run their businesses, from the Income Tax department raiding the diamond merchants to the gutsy Khaitan who runs his business under the shadow of ULFA naxals with a private army to the Bajajs who had to endure riots in front of their business and their production controlled not by demand but by the govt permission.